Lot 167 Flat With Wraparound Balcony And Parking For InvestmentAuction Date:
1st May 2025
37 Atherley Park Close, Shanklin, Isle Of Wight, PO37 7BE
Currently let at £6,600 per annum
Key Features
Built approximately a dozen years ago this top floor purpose-built flat has the advantage of a wraparound balcony providing useful outside space. In addition, the flat is sold with a car parking space. Atherley Park Close is a short distance from the centre of Shanklin with all its shopping and other amenities including the railway station with its links to Ryde where there are ferry and hover connections to the mainland.
The flat is, at present, occupied under the terms of an Assured Shorthold Tenancy Agreement with the rent having remained static for some years and offering scope for improvement.
Top Floor
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Outside
Wraparound balcony and allocated car parking space.
Auctioneer's Note
At the time of publication the Auctioneers have been unable to internally inspect the flat. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Tenure
Remainder of a 125-year lease from 25th March 2013.
EPC Rating C
Council Tax Band B
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
